Tether slams JPMorgan analysts for saying it may need to sell Bitcoin

Capitulation occurs when traders are scared. On March 12, most asset classes witnessed a massive selloff with no place to hide. Even gold declined 3.17%, which shows that the traders sold everything in their portfolio. The coronavirus pandemic has created a state of panic because it does not have any treatment and spreads quickly. As…

The SEC has accused Binance of mishandling funds and operating an unregistered securities exchange. 1039 Total views 2 Total shares The United States Securities and Exchange Commission (SEC) filed an emergency motion in the District of Columbia U.S. District Court for a temporary restraining order against Binance, Binance.US and CEO Changpeng Zhao (CZ) on June 6, requesting…

Though the protocol offers an arguably lucrative yield of 4% per year, it's only available to accredited investors as of now. On Monday, decentralized finance, or DeFi, protocol Compound Treasury announced that it received a credit rating of B- from S&P Global Ratings. As told by the team at Compound, this represents the first time…

The slowdown in Bitcoin demand can be attributed to a sharp decline in purchases in the United States.

The performance of cryptocurrencies in the past 7 days might have seemed slightly unexciting, especially since the total market capitalization increased by “only” 1.8% to reach $2.7 trillion. However, even with the muted price action, some altcoins managed a decent rally. Bitcoin (BTC), on the other hand, was down 6% until Nov. 28, but it…

The initiative — built on the Celo ecosystem — identified the lack of inclusivity and accessibility in the traditional financial markets. 539 Total views 357 Total shares A consortium of leading decentralized finance (DeFi) protocols today announced a collaborative $100 million financial inclusion venture titled “DeFi for the People.”The DeFi applications involved in the project…

In 2021, Stripe raised $600 million from a group of investors at a valuation of $95 billion, making it one of Silicon Valley's most valuable startups. 247 Total views 1 Total shares Own this piece of history Collect this article as an NFTInternet payment processor Stripe is reportedly eyeing a public offering and has set…

After several attempts in previous years, Grayscale has renewed its push to release a Bitcoin Exchange-Traded Fund on American asset markets. According to a Monday roadmap, two of its funds, GBTC and ETHE, are on the short-list to become proper ETFs. However, the company has not indicated any concrete efforts such as filing a new…

A new virtual assistant powered by blockchain can complete insurance contracts without human assistance. 967 Total views 2 Total shares Malta-based virtual assistant firm Vaiot has integrated IBM’s Watson Assistant with the Cosmos blockchain to sell car insurance.The new platform features an end-to-end sales process that does not require human assistance to complete the car…